Jul 23, 2014, 2:07 PM
News Code: 2732178
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NIDC to operate 8 rigs in South Azadegan

Tehran, July 23, IRNA - The National Iranian Drilling Company (NIDC) is planning to transfer some eight drilling rigs to South Azadegan oil field, said NIDC's manager.

Hamid-Reza Golpayegani said the planned rigs transfer is in line with the order of Petroleum Minister Bijan Namdar Zanganeh to accelerate the development of the oil field shared with Iraq.

According to SHANA, two drilling rigs are already operating in the field.

Golpayegani said NIDC has been commissioned the task to drill 50 wells in South Azadegan by the Petroleum Engineering and Development Company (PEDEC).

Drilling operations will be on a turnkey basis, he said, adding that the NIDC will provide all necessary specialized and logistics services.

Golpayegani said that the NIDC drilling rigs are already operating in the PEDEC controlled zones, National Iranian South Oil Company (NISOC), Iranian Offshore Oil Company (IOOC), Pars Oil and Gas Company (POGC) and National Iranian Oil Company (NIOC) Exploration Directorate.

South Azadegan is expected to produce 320,000 b/d of oil and 197 mcf/d of gas in the first phase of development. In the second phase, its oil production is expected to rise to 600,000 b/d.